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GlobalData?s "Global Thermal Policy Handbook 2013? gives detailed information on the major thermal energy policies, across the major countries US, the UK, Germany, Russia, Japan, South Africa, China, India, Indonesia and South Korea . The report provides the current and future thermal energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of their thermal energy industry. The report also provides specific policies and incentives provided in each of these countries for adopting cleaner and efficient fossil fuel technologies.
- The report details promotional measures in different countries for improving energy efficiency and energy security, lowering green house gas emissions in the power sector and encouraging the adoption of efficient fossil fuel technologies.
- The report also highlights the differences and focus of the thermal energy policy frameworks in different countries at the global level.
- The report provides a platform for comparison of various thermal energy policies across countries. Major countries include the US, the UK, Germany, Russia, Japan, China, South Africa, India, Indonesia and South Korea.
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Develop business strategies with the help of specific insights about policy decisions being taken on thermal energy by different markets.
- Identify opportunities and challenges in exploiting the efficient fossil fuel technologies.
- Increase future revenue and profitability with the help of insights on the future opportunities and critical success factors in the thermal energy market.
- Be ahead of competition by keeping yourself abreast of all the latest policy changes. Improving Energy Efficiency and Energy Security, and Addressing Climate Change ? the Foundation of Power Policies Globally
Energy efficiency, energy security and climate change are the foundations of most countries? power policies, globally. Almost all countries globally are working towards green, low-carbon, sustainable development. Various governments are taking steps to curb their Greenhouse Gas (GHG) emissions from the power sector. They have been continuously formulating new regulations for constructing new thermal power plants and improving existing ones to address climate change and increase power generation rates.
Energy security is now considered crucial, as energy is a primary requirement in all industries and vital to economic growth. Thermal power, being the most reliable source of power generation due to its high capacity factor and the abundance of reserves, is mostly preferred by countries that have huge electricity demand. They have been taking various measures to ensure a sustainable and continuous energy supply to all sectors and people. Various countries have been investing heavily in R&D to improve fossil fuel technologies that can generate power at a higher capacity factor whilst having a minimal impact on the environment. Currently, governments around the world are formulating plans and policies to encourage the adoption of more efficient technologies at the commercial level.
CHP and CCS Gaining Significant Attention Globally
Carbon Capture and Storage (CCS) is one of the most efficient technologies for reducing carbon dioxide emissions while still maintaining the use of fossil fuels for electricity generation. The technology enables the safe removal and permanent storage of carbon dioxide emissions from fossil fuel power plants. Similarly, Combined Heat and Power (CHP) is an efficient and clean approach to generating electricity and useful thermal energy from one fuel. Together, these two technologies are in high demand in countries where electricity is mainly generated from thermal resources. The governments of major economies have been focusing substantially on the mandatory adoption of these technologies to reduce emissions from their respective power sectors.
The US government has rolled out various acts and policies, such as the Energy Improvement and Extension Act (EIEA) of 2008, the Clean Energy Standard Act of 2012, the and the Energy Policy Act of 2005, which not only make the adoption of CCS and CHP technologies obligatory, but also supports power facilities financially in adopting such technologies. Likewise, other countries such as India and China and European countries such as the UK and Germany have also been taking significant steps towards the adoption of these technologies on the commercial level in order to reduce local emissions.
Efficient Fossil Fuel Technologies to Drive Thermal Power Market
Efforts are being made at an international level to incorporate more efficient and cleaner technologies into fossil fuel-fired power generation. Countries have been introducing various forms of legislation to reduce GHG emissions in the environment, encouraging the development and improvement of fossil fuel technologies by providing financial support and rolling out different laws for the adoption of technologies such as Combined Cycle Gas Turbine (CCGT), Integrated Gasification Combined Cycle (IGCC), advanced ultra-super-critical technology and various other technologies on a large scale. These technologies are not only cleaner than pre-existing technologies in terms of producing minimal levels of GHGs, but are also efficient as they produce power at a higher capacity factor than pre-existing technologies. The adoption of these technologies at the commercial level across the world will drive the thermal power market over the forecast period.
In countries such as the US, various programs such as the Credit for Investment in Clean Coal Facilities program and the Climate Change Technology program have been launched to support the adoption of Integrated IGCC, CCGT and other technologies at the commercial level. Even in Asian countries such as China and India, programs such as Asia-Pacific Partnership (APP) for Clean Development Climate and the National Mission for the Development of Clean Coal Technologies, respectively, have been developed. Under China?s APP for Clean Development Climate scheme, one of the task forces (the Cleaner Fossil Fuel Task Force) focuses on reducing the cost of technologies such as IGCC, oxy-fuel and post-combustion carbon capture, ultra-supercritical pulverized fuel, coal cleaning and treatment, poly-generation, hydrogen production, enhanced coal bed and waste coal mine methane and coal gasification and liquefaction, through collaborative Research and Development (R&D) between the government and private players and through making them more accessible and affordable. Even India?s National Mission for the Development of Clean Coal Technologies aims to foster work on IGCC, CCS and Advanced Ultra Critical Technology for thermal power generation.